2024 brings challenges for UPS, with stock down 14%, but the company expects a recovery driven by delivery volume growth and revenue outperforming costs in the second half.
2024 poses challenges for UPS, with the stock down 14% and delivery volumes declining. However, the company anticipates a recovery with adjusted operating profit declining 20%-30% in the first half but expected to increase by 20%-30% in the second half, driven by positive delivery volume growth and revenue per piece outperforming costs. Stocks can be a good value when companies recover from difficulties.
June 16, 2024
3 Articles